A Stock broker was ordered by NCDRC to refund Rs 5.67 lakh lost in F&O trading to NRI after 13 years of long fight [ad_1] A retired non-resident Indian (NRI) has allegedly lost Rs 5.67 lakh when representatives of Kotak Securities dabbled in futures and options (F&O) with his money without his knowledge. In this regard, the National Consumer Disputes ...

Banks must give customers choice to select credit card network: RBI Some arrangements between card networks and issuers are ‘not conducive’ for customers, it says

NPCI joins hands with IISc to conduct joint research on blockchain, AI The partnership will focus on scalable blockchain platforms and multi-modal analytics over fintech data, NPCI said in a statement

Rupee turns flat at 82.90 against US dollar, resists downward pressure The rupee stayed flat at 82.90 against the US dollar in early trade on Wednesday, resisting downward pressure from a stronger American currency and volatile crude oil prices in the overseas markets. The local unit was also dragged down by the negative sentiment in the equity markets, however, it ...

Rupee declines 2 paise to 82.92 against US dollar in early trade today The rupee declined 2 paise to 82.92 against the US dollar in early trade on Tuesday, tracking a stronger American currency against major overseas rivals and outflow of foreign funds from domestic capital markets. Though a downward trend in the crude oil prices cushioned the Indian currency, ...

Indian banks to enhance KYC standards with multi-level verification Currently, passport, Aadhaar, voter card, NREGA card, PAN card, or driving licence are accepted as valid means to open a bank account

Borrowing cost of states declines by 4 bps to 32-week low of 7.40% Amid continuing lower supplies, the borrowing cost for states fell to a 32-week low of 7.40 per cent Tuesday, down by 4 bps from the previous week’s auctions. Throughout January, the interest rates were hovering at a two-year high of close to 7.9 per cent. Then rates ...

Depositor can claim a refund of unclaimed amounts from DEA fund However, if the deposit amount is above the insurance coverage of DICGC, then the liquidator can claim the amount only on a reimbursement basis

Julius Baer Group fills several key roles amid India wealth surge Abhishek Chandra, formerly a senior executive vice president at Kotak Mahindra Bank, has joined as chief operating officer of the Swiss firm’s Indian unit, the bank said in a statement Monday

RBI prohibits IIFL Finance from sanctioning, disbursing gold loans The Reserve Bank on Monday barred IIFL Finance with immediate effect from sanctioning or disbursing gold loans after certain material supervisory concerns were observed in its gold loan portfolio. IIFL Finance can, however, continue to service its existing gold loan portfolio through the usual collection and recovery processes, the RBI said ...